USD/CAD Technical Analysis: Bullish move once again falters near 1.3400 handle


   •  The pair continued showing some resilience below the 1.3300 handle and staged a solid bounce on Monday following the release of BoC's Business Outlook Survey results.

   •  The positive momentum extended through the mid-European trading session on Tuesday, albeit bulls struggled to build on the strength further beyond the 1.3400 handle.

   •  Given the overnight upsurge beyond 100/200-hour SMA confluence region, bullish oscillators on hourly/daily charts indicate an eventual break through the mentioned handle.

   •  A sustained breakthrough should now assist the pair to aim towards the 1.3445-50 supply zone, en-route March swing highs (the 1.3465-70 region) and the key 1.3500 psychological mark.

USD/CAD 1-hourly chart

USD/CAD

Overview
Today last price 1.3376
Today Daily Change 0.0008
Today Daily Change % 0.06
Today daily open 1.3368
 
Trends
Daily SMA20 1.3358
Daily SMA50 1.3308
Daily SMA100 1.3339
Daily SMA200 1.3206
Levels
Previous Daily High 1.3391
Previous Daily Low 1.3298
Previous Weekly High 1.3398
Previous Weekly Low 1.3284
Previous Monthly High 1.3469
Previous Monthly Low 1.313
Daily Fibonacci 38.2% 1.3355
Daily Fibonacci 61.8% 1.3333
Daily Pivot Point S1 1.3313
Daily Pivot Point S2 1.3259
Daily Pivot Point S3 1.322
Daily Pivot Point R1 1.3406
Daily Pivot Point R2 1.3445
Daily Pivot Point R3 1.3499

 

 

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